Companies · Software / Tech

Spiro Technologies

BOSTON · Software / Tech · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Spiro Technologies — recommendation, valuation, rhythm, risks.
$4.9M
Total raised · real
3
Rounds
1.0×
Latest step-up
Top 49%
Sector rank · raised
Seed
Latest stage · inferred · Fri Apr 12 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

Spiro Technologies looks under-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the technology sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.65× the median modeled value of Seed Software / Tech companies in 2019–2021 (296 peers) — value vs value, same stage and era.
Dormant
  • Last raise 7.2 yr ago; this sector typically re-raises about every 13 months.
  • Silent for over 3× the sector's normal cadence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Software / Tech

Spiro Technologies is one of 3920 Software / Tech companies tracked from BOSTON. By capital raised it ranks mid-pack (ahead of 52% of sector peers), and mid-pack by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
15
Investors (latest)
2014
Year incorporated
2019-04-12
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$50M$100M$150M$200MSeed · 2017-09-27 Raised $3.0M (real) Modeled valuation $101M (est)$3.0M$101MSeed2017Seed · 2018-07-10 Raised $990K (real) Modeled valuation $34M (est)$990K$34MSeed2018Seed · 2019-04-12 Raised $951K (real) Modeled valuation $32M (est)$951K$32MSeed2019+$990K+$951KCumulative $4.9M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Seed$3.0M · 2017
Seed extension$990K · 2018
Seed extension$951K · 2019

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$32.4M
Base estimate est.
$839K
Conservative case
$254.3M
Upside case
$4.8M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Seed · modeled $101.1M · 2017-09-272017Seed · modeled $33.7M · 2018-07-10Seed · modeled $32.4M · 2019-04-122019
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
39%
Survival probability
18% low · 61% high
1.61×/yr
Annual markup
2.11×/yr upside case
6.0 yr
Elapsed time used
7.2 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
9 mo
Avg between rounds
$3.2M/yr
Capital velocity
8.8 yr
On record since
2017
First round
3
Rounds on file
How it compares to the market

Benchmarked against 3920 companies in Software / Tech. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 1.1× above median
This company$4.9M
Sector median$4.6M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.5× of median
This company$951K
Sector median$1.9M
Modeled value — vs sector median (estimate, all stages) 0.9× of median
This company$32.4M
Sector median$36.6M

Raised more than 52% of sector peers (real $). Modeled value above 48% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #235 of 296.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0MCapital raised (log)OneSky Systems, Inc. · Seed Raised $4.0M · modeled $136.3M (est)Mona Labs Inc. · Seed Raised $3.9M · modeled $132.9M (est)Toro Data Labs, Inc · Seed Raised $3.9M · modeled $132.9M (est)Gatsby Labs, Inc. · Seed Raised $3.9M · modeled $131.1M (est)Parallel Systems, Inc. · Seed Raised $3.8M · modeled $129.5M (est)Aereus Technologies Inc. · Seed Raised $3.7M · modeled $127.7M (est)EPAM Systems, Inc. · Seed Raised $3.6M · modeled $121.4M (est)Sharp Edge Labs, Inc. · Seed Raised $6.5M · modeled $120.9M (est)Timber Technologies, Inc. · Seed Raised $6.3M · modeled $119.3M (est)Global Data Consortium, Inc. · Seed Raised $3.6M · modeled $119.3M (est)Turbo Systems, Inc. · Seed Raised $3.4M · modeled $114.3M (est)Dune Labs Inc. · Seed Raised $3.8M · modeled $113.9M (est)Spiro Technologies (this company) Raised $4.9M · modeled $32.4M (est)Spiro Technologies
CompanyStageRaised · realValue · estvs peer med.
OneSky Systems, Inc.Seed$4.0M$136.3M2.74×
Mona Labs Inc.Seed$3.9M$132.9M2.67×
Toro Data Labs, IncSeed$3.9M$132.9M2.67×
Gatsby Labs, Inc.Seed$3.9M$131.1M2.63×
Parallel Systems, Inc.Seed$3.8M$129.5M2.60×
Aereus Technologies Inc.Seed$3.7M$127.7M2.56×
EPAM Systems, Inc.Seed$3.6M$121.4M2.44×
Sharp Edge Labs, Inc.Seed$6.5M$120.9M2.43×
Timber Technologies, Inc.Seed$6.3M$119.3M2.39×
Global Data Consortium, Inc.Seed$3.6M$119.3M2.39×
Turbo Systems, Inc.Seed$3.4M$114.3M2.29×
Dune Labs Inc.Seed$3.8M$113.9M2.29×
Spiro Technologies this companySeed$4.9M$32.4M0.65×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Seed$3.0M2017-09-27$14.8M$101.1M90%
Seed$990K2018-07-10$5.0M$33.7M90%
Seed$951K2019-04-12$4.8M$32.4M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Seed$3.0M2017-09-27
    • First recorded raise — entered as Seed.
    • 47 investors on this round.
  2. Seed$990K2018-07-10
    • Raised 9 mo later, in step with the ~13 mo sector norm.
    • Round 3.0× smaller than the prior — bridge or down round.
    • 12 investors on this round.
  3. Seed$951K2019-04-12
    • Raised 9 mo later, in step with the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 15 investors on this round.
Intelligence
2020 ~Q1
Modeled next raise · ~9mo cadence
$951K
Modeled next size est.range $951K$1.5M
1.0×
Last step-up
$3.2M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Andrew Levi2 other2017-09
Thomas Tucker2 other2017-09
Adam Honig1 other2017-09
Jennifer Jordan1 other2017-09
Omar Hussain1 other2017-09
Sara Gifford2019-04
Tom Tucker2019-04
Registry & provenance

Spiro Technologies is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1702179
SEC CIK
2014
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Innoveer Solutions, Inc.Other TechnologySeed$4.6M$90.6Mnetwork2 shared operators · same stage
ODIN Labs, Inc.Software / TechSeed$4.9M$25.3Msame sector · same stage
Chisel Labs, Inc.Software / TechSeed$4.8M$33.6Msame sector · same stage
SWIIM System, Ltd.Software / TechSeed$5.1M$34.1Msame sector · same stage
Aker Technologies Inc.Software / TechSeed$5.2M$36.0Msame sector · same stage
Fluidity Technologies Inc.Software / TechSeed$5.3M$34.1Msame sector · same stage
Environmental Data Systems LlcSoftware / TechSeed$5.3M$34.1Msame sector · same stage
Walkboard Technologies, Inc.Software / TechSeed$5.4M$26.9Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Spiro Medical Inc.HealthtechSeries B$156.5M86%
Spiro Health Services, LLCHealthtechSeed$83.2M86%
Apeiron Labs, Inc.Software / TechSeries A$27.3M83%
Spektrum Labs, Inc.Software / TechSeries A$27.8M82%
Spiff, Inc.Other TechnologySeries A$256.7M81%
Spritz Technology, Inc.Software / TechSeed$3.4M80%
Sprout Labs, Inc.Software / TechSeed$454K80%
SPIDR Tech Inc.Software / TechSeed$22.1M80%
Frequently asked
How much funding has Spiro Technologies raised?
Spiro Technologies has raised approximately $4.9M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Spiro Technologies's estimated valuation?
Provath's modeled valuation for Spiro Technologies is approximately $32.4M (modeled range $839K–$254.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Spiro Technologies at?
Spiro Technologies's latest modeled financing stage is Seed. Its most recent recorded round closed around Fri Apr 12.
What does Spiro Technologies do and where is it based?
Spiro Technologies operates in the Software / Tech sector, based in BOSTON.
Explore related

See where Spiro Technologies sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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